Reliance Industries Limited and BP announced a historic partnership between the two companies. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Robert Dudley, BP Group Chief Executive, signed the relationship framework and transactional agreements in London.
Borealis achieved significant net profit growth in 2010 with EUR 333 million compared to EUR 38 million in 2009, return to pre-crisis levels.
UK-based Rexam has announced it has put its closures business up for sales, confirming industry rumours that the packaging giant was looking to divest the struggling division.
Indorama Ventures Public Company Limited has signed a definitive share purchase agreement to acquire German company Trevira GmbH through a joint venture with Italy's Sinterama S.p.A. Indorama Ventures will become the majority partner while Sinterama will take a strong management role in the new joint venture company.
According to BASF, 2010 was a record year for the company with sales of €63.9bn – up 26% year-on-year.
Cardia Bioplastics begins collaboration with Nestle to reduce environmental impact of packaging.
The Egyptian polymer market appears to be returning to some level of normalcy following the political turmoil which caused most of the regional Middle Eastern producers to step back, as per Chemorbis.
China has developed into a global super power with giant strides. According to estimates of the German professional association VDMA Chinese machinery manufacturers took the lead for the first time in 2009.
Size reduction technology specialist Pallmann Group reports very strong growth for 2010.
Two former German Freudenberg and Rethmann recycling companies announced a joint venture "First PET" enterprise, specialized recycling PET beverage bottles.
After the deep recession in 2009, the German plastics industry is recovering strongly.
German plastics and rubber machinery manufacturers have recovered from the economic crisis more quickly and decisively than anticipated a year ago.
